Underestimates of technology (the impossible, now possible)

"I think there is a world market for maybe five computers." (Thomas Watson, chairman of IBM, 1943)

"There is no reason for any individual to have a computer in their home." (Ken Olsen, president, chairman and founder of Digital Equipment Corp., 1977)

"The telephone has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us." (Western Union internal memo, 1876)

"Airplanes are interesting toys but of no military value." (Marshal Ferdinand Foch, French commander of Allied forces during the closing months of World War I, 1918)

"The wireless music box has no imaginable commercial value. Who would pay for a message sent to nobody in particular?" (David Sarnoff's associates, in response to his urgings for investment in radio in the 1920's)

"Professor Goddard does not know the relation between action and reaction and the need to have something better than a vacuum against which to react. He seems to lack the basic knowledge ladled out daily in high schools." (New York Times editorial about Robert Goddard's revolutionary rocket work, 1921)